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Saudi Arabia’s Stock Market Revamps Corporate Structure Ahead of Highly-Anticipated IPO
Saudi Arabia’s stock exchange, the Tadawul, has announced a revamped corporate structure as it prepares for a much anticipated IPO, converting to a holding company called the Saudi Tadawul Group, according to reports. The change was announced by the Tadawul Group CEO Khalid al-Hussan said on Wednesday.
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Photos Show Riyadh’s New Metro System, Set to Begin Operation This Year
New photos from the AFP published in Gulf News show Riyadh’s forthcoming new metro rail, set to connect the city long plagued by significant traffic woes and enable citizens to get around between the city’s districts.
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Could Saudi Arabia’s Recycling Sector Be Worth More than $18bn?
The CEO of Saudi Arabia’s biggest waste company, Saudi Investment Recycling Company (SIRC), said that the Kingdom’s recycling market size could reach $18 billion as the sector remains underdeveloped, according to a report Arab News.
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Saudi Crown Prince Announces Two Massive Green Initiatives to Fight Climate Change
Saudi Arabia’s Crown Prince Mohammed bin Salman launched two initiatives over the weekend to make Saudi Arabia a significant contributor in the global fight against climate change, the Saudi Press Agency reports.
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Yemen’s Iran-Backed Houthis Launch Another Drone Attack on Saudi Aramco Facilities in Riyadh
Yemen’s Iran-aligned Houthi group on Friday said it conducted yet another attack on a Saudi Aramco facility in Riyadh, in an attack comprising six armed drones, Reuters and the Saudi Press Agency report.
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Event Alert: H.E. Khalid Al-Falih, Princess Reema bint Bandar Headline U.S.-Saudi Arabia Business Leaders Virtual Forum on March 23-24
The U.S. Chamber of Commerce is hosting a two day virtual event bringing together U.S. and Saudi Arabia business and government leaders on March 23-24. The event, entitled the U.S.-Saudi Arabia Business Leaders Virtual Forum, will see virtual keynote remarks delivered by H.E. Khalid Al-Falih, Saudi Arabia’s Minister of Investment, H.R.H. Princess Reema bint Bandar […]
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Viral Videos Show Sandstorms Engulfing Riyadh, Other Cities in Saudi Arabia
Viral videos emerging from social media show parts of Saudi Arabia experiencing an intense sandstorm which engulfed cities and towns in the Kingdom and forcing authorities to issue a weather warning.
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Report: Lucid Motors Committed to Building Factory in Saudi Arabia after PIF Investment Round
A Wall Street Journal report on Tuesday revealed that the electric-car startup Lucid Motors Inc. has an “undisclosed commitment to build an assembly plant in Saudi Arabia, a potentially costly promise the company made after accepting more than $1 billion in financing from the Saudi Public Investment Fund in 2018.” The promise could be both […]
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OPEC+ Poised to Agree to Production Increase This Week as Oil Continues Climb
The OPEC+ group of oil producing nations is poised to agree to a production increase this week as it looks to add more supply as prices continue to recover from 2020 lows, according to reports. “There’s a widespread view within the group that the market can absorb additional barrels,” Bloomberg reports, citing people familiar with the […]
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President Joe Biden, Saudi Arabia’s King Salman Speak by Phone in First Call of New U.S. Administration
President Joseph R. Biden, Jr. spoke today with King Salman bin Abdulaziz al-Saud of Saudi Arabia to discuss the longstanding partnership between the United States and Saudi Arabia, the first such call between the two G20 nation leaders since Biden took office in January.
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MUST-READS
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Perspective: Yemen – Saudi Arabia preparing to exit costly war?
Over the past decade, Yemen has been divided into three parts: a Houthi-controlled region in the north, the UAE-backed Southern Transitional Council in the south and the government-controlled rest of the country, backed by the Saudi coalition.
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The minilateral moment in the Middle East: An opportunity for US regional policy?
In a new Scowcroft Middle East Security Initiative issue brief, “The Minilateral Moment in the Middle East: An Opportunity for US Regional Policy,” the Atlantic Council’s nonresident senior fellow Jean-Loup Samaan analyzes how regional powers are reconsidering the multilateral balance of their foreign policy arrangements, and the emerging implications for US Middle East policy.
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Has Wagner’s mutiny weakened Russia in the Middle East?
“Middle Eastern governments and societies must now acknowledge the possibility that Putin is not as strong as they once thought (or just hoped), and that he may not be in a position to help them all that much,” Dr Mark Katz, a professor at George Mason University's Schar School of Policy and Government, told TNA.
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Has Wagner’s mutiny weakened Russia in the Middle East?
“Middle Eastern governments and societies must now acknowledge the possibility that Putin is not as strong as they once thought (or just hoped), and that he may not be in a position to help them all that much,” Dr Mark Katz, a professor at George Mason University's Schar School of Policy and Government, told TNA.
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Saudi Arabia: Where do the 100 million Jamarat pebbles go after Hajj rituals?
Once the ritual is completed, the pebbles, which are thrown at the three pillars, fall vertically downwards and settle in the basement of the Jamarat facility, which has a depth of up to 15 meters. A series of conveyor belts are then employed to collect the pebbles. These pebbles undergo a sieving process during which they are sprayed with water to remove any dust and dirt.
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Saudi Arabia: Where do the 100 million Jamarat pebbles go after Hajj rituals?
Once the ritual is completed, the pebbles, which are thrown at the three pillars, fall vertically downwards and settle in the basement of the Jamarat facility, which has a depth of up to 15 meters. A series of conveyor belts are then employed to collect the pebbles. These pebbles undergo a sieving process during which they are sprayed with water to remove any dust and dirt.
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Are There Any Public Holidays Left for Saudi Residents in 2023?
On the eve of Eid Al Adha 2023, the residents of Saudi Arabia took their longest holiday. The first long holiday of the year was observed in April in celebration of Eid al-Fitr. On September 23rd, in honor of Saudi National Day, all residents of Saudi Arabia will enjoy a public holiday. The Saudi National Day holiday this year falls on a Saturday.
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Could the IRGC pull a Wagner Group move in Iran? That’s what some Iranians are hoping for
Upon news of the Prigozhin-led rebellion, Islamic Revolutionary Guard Corps (IRGC) Telegram channels quickly covered the breaking story. One viral screenshot of the IRGC’s main channel reposted a tweet by a pro-regime journalist emphasizing, “If necessary, just as we prevented the fall of [Bashar al-]Assad, we will prevent the fall of #Putin.”
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Tourism: Does it matter if Mount Sinai is in Saudi Arabia?
Moses received the Ten Commandments on Mount Sinai before the wandering Israelites entered the promised land of Israel after fleeing Egypt, according to the Bible. So one might assume that said mountain is in Sinai, the peninsula between Egypt and Israel. In fact, most people do. But some evangelicals think otherwise — they think the holy site is in Saudi Arabia. Saudi Arabia only opened to mainstream tourists in 2019, before which most visitors were there for the Hajj, the Muslim pilgrimage to Mecca. No one expected a boom of Christians — perhaps because no one really thought Saudi Arabia contained any biblical holy sites. Most biblical scholars agree that Mount Sinai is in the Sinai Peninsula, though there is disagreement as to exactly which peak it might be.
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Perspective: Is Middle Eastern Stability on the Horizon Thanks to U.S.-China Competition?
One theme of the present moment is that countries in the Middle East are making deals based on their own national interests rather than dancing to the tune of outsiders. This independence is paradoxically because of great power rivalry in the region, not despite it. With heightened rivalry between great powers, regional powers have more options and are acting more as free agents than committed allies of global powers.
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